ASX 200 rises after May retail sales beat; ACCC nod to Armaguard save; APA reveals Qenos closure hit; Booktopia in administration
May retail sales, building approvals higher than expected. ACCC's interim nod to Armaguard save. Booktopia enters administration. AusSuper's 'solid' returns. APA flags $145m Qenos hit.
Welcome to the Trading Day blog for Wednesday, July 3. The ASX 200 index closed 0.3 per cent higher to 7739.90 points.
The Aussie dollar is trading around US66.76c at 5.05pm AEST after the release of May retail sales figures.
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ASX 200 trims falls as Trump, Asian markets await China response
All sectors are in the red, signalling a weak close for the local bourse. Asian stocks are also down as Chinese leader Xi Jinping is set to visit Vietnam, Malaysia and Cambodia next week as he works up a response to Trump's 145 per cent tariff war.
ASX recovers $116bn in best day since June 2020
Technology and mining stocks lead surge on local bourse. US futures point down after Wall Street's historic session as Chinese leaders meet to respond to Trump's 125 per cent hit.